Back in January Atari US filed for bankruptcy in New York, but hoped to sell off all its games assets in a single sale to pay off debtors. Initially interest was strong with more than 180 buyers coming forward. But as the months went by only 90 signed confidentiality agreements and then only 15 bids were placed, none of which were deemed high enough to make a sale viable.

So now Atari is taking a different approach and will instead sell off all of its game assets over the course of a 4 day auction in July. That means instead of buying all Atari products, bidders will be able to secure individual IPs the company owns.

It is thought that the series worth the most money comne auction day is Rollercoaster Tycoon, and to secure that you will have to place a minimum bid of $3.5 million. Test Drive will start the bidding at $1.5 million, the Humongous franchise of games requires $500,000, and Total Annihilation just $250,000. In total, the minimum bids for all the assets Atari is set to offer comes to $22.2 million.

Although publishers may take an interest in some of the more high profile games, there’s still a chance the auction won’t happen. Atari needs to get it approved by a judge on June 11, after which the auctions are planned for July 16-19. Even then, not everything will be sold as Atari has a number of lesser known games series it wants to sell privately.

It’s clear now that the original intention to sell the company as a whole and keep it operating isn’t going to happen. Instead, there’s a chance some of its best known games will get a new lease of life, but under the guidance of a new publisher.